Settling IRS Tax Debt: What Taxpayers Don’t Know About Tax Resolution Could Hurt Them

I’ve blogged before about how IRS Commissioner Douglas Shulman has pledged greater flexibility for taxpayers who have fallen on hard times and owe IRS back taxes. However, it’s still important to remember that “Revenue” is still the IRS’s middle name.

Due to the economic challenges of the current recession, more tax settlements than ever are expected to be submitted to the IRS this year. While taxpayers with back taxes and IRS debt may go to the IRS web site or call the 1-800 helpline for tax help, it’s important for them to understand that what they don’t know about tax resolution could really hurt them.

Although, the IRS has pledged to offer help to struggling taxpayers, it’s important to remember that ‘Revenue’ is still the IRS’s middle name.

The IRS enforcement budget is at a record $5.5 billion, with most of that money going towards heightened collection efforts to combat the rising deficit and growing tax gap. Plus the federal tax code is notoriously complicated, which is why knowledge can greatly increase a taxpayer’s chances of settling tax debt for less than what they owe.

A well-qualified tax resolution firm or IRS tax attorney will work to ensure that the taxpayer’s best interests are prioritized above all else so they can finally retire their back taxes and IRS problems for good.

Whether it’s bringing taxpayers into IRS compliance or helping them understand their tax issues so they can work directly with the IRS – a reputable tax resolution firm will guide taxpayers to tax relief options that best fit their individual circumstances. Expert and credible tax relief firms hold the IRS accountable to following their own rules and regulations during the tax resolution process, while simultaneously helping Americans understand their taxpayer rights and ensuring they are not obligating themselves to pay a penny more than what they have to.

Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 866-IRS-PROBLEMS.

More Tax Help, IRS News and Tax Relief Tips:

Tags: Back Taxes, certified tax resolution specialist, Free Tax Consultation, IRS debt, IRS help, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, tax attorney, tax expert, tax help, tax resolution, tax resolution expert, tax resolution services, Tax Tips